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Updated April 2017

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The word 'forex' is itself an example, being a contraction of 'foreign exchange'. Forex brokers, dealers, commentators and traders use many of the same words and phrases that have become the jargon of the 'money business' – banking, finance, currency and stock market trading. Additionally there are nicknames for both currencies and currency pairs. The origins of some of these terms are sometimes uncertain.

Some of these explanations are interesting or amusing and we add them to the list as we find them. Do you know what ETF, CHF, GBP, JPY and XAU stand for? Where do strange names like cable, kiwi, loonie and pip come from? What is 'spread' and what are candlesticks' for? For example, what is 'currency'? 'CURRENCY' is the paper money (notes, bills or coins) issued by the government or central bank of a particular country and in current use. It is the legal medium of exchange and trade for that country.

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Our pages on Forex Introduction, Stock Trading including ETF and Options Trading will give you a basic idea of how the money markets work and how trading can now be done easily at home without large capital holdings.
 

Visit Retire-Asia's Introduction to Forex pages.

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